MADRI CONCEPT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MADRI CONCEPT
Largest movements
- Receivables within one year -€121,056
down €121,056 (-66.3%), from €182,699 to €61,642
of which Trade receivables: -€111,569
- Cash +€57,215
up €57,215 (+154%), from €37,227 to €94,442
mainly Receivables within one year (+€121,056) and Net result for the year (+€48,832)
- Tangible fixed assets -€7,412
down €7,412 (-44.7%), from €16,569 to €9,158
of which Furniture and vehicles: -€9,113
- Trade debts -€65,003
down €65,003 (-86.6%), from €75,021 to €10,017
- Tax, wage and social debts -€11,331
down €11,331 (-28.9%), from €39,227 to €27,895
of which Remuneration and social security: -€13,310
- Profit (loss) carried forward +€5,082
up €5,082 (+4.3%), from €117,247 to €122,329
- Gross operating margin -€12,837
down €12,837 (-15.3%), from €84,078 to €71,241
- Taxes -€2,494
down €2,494 (-16.8%), from €14,835 to €12,342
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €236,495 | €165,242 | -€71,253 | -30.1% |
| Fixed assets | 21/28 | €16,569 | €9,158 | -€7,412 | -44.7% |
| Tangible fixed assets | 22/27 | €16,569 | €9,158 | -€7,412 | -44.7% |
| Plant, machinery and equipment | 23 | €820 | €2,522 | +€1,701 | +207% |
| Furniture and vehicles | 24 | €15,749 | €6,636 | -€9,113 | -57.9% |
| Current assets | 29/58 | €219,926 | €156,084 | -€63,841 | -29.0% |
| Amounts receivable within one year | 40/41 | €182,699 | €61,642 | -€121,056 | -66.3% |
| Trade receivables | 40 | €161,667 | €50,098 | -€111,569 | -69.0% |
| Other amounts receivable | 41 | €21,032 | €11,544 | -€9,487 | -45.1% |
| Cash at bank and in hand | 54/58 | €37,227 | €94,442 | +€57,215 | +154% |
| Total equity and liabilities | 10/49 | €236,495 | €165,242 | -€71,253 | -30.1% |
| Equity | 10/15 | €122,247 | €127,329 | +€5,082 | +4.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,247 | €122,329 | +€5,082 | +4.3% |
| Amounts payable | 17/49 | €114,248 | €37,913 | -€76,335 | -66.8% |
| Amounts payable within one year | 42/48 | €114,248 | €37,913 | -€76,335 | -66.8% |
| Trade debts | 44 | €75,021 | €10,017 | -€65,003 | -86.6% |
| Suppliers | 440/4 | €75,021 | €10,017 | -€65,003 | -86.6% |
| Taxes, remuneration and social security | 45 | €39,227 | €27,895 | -€11,331 | -28.9% |
| Taxes | 450/3 | €25,917 | €27,895 | +€1,979 | +7.6% |
| Remuneration and social security | 454/9 | €13,310 | - | -€13,310 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,235 | €9,795 | +€560 | +6.1% |
| Other operating charges | 640/8 | €567 | - | -€567 | |
| Gross operating margin | 9900 | €84,078 | €71,241 | -€12,837 | -15.3% |
| Operating profit (loss) | 9901 | €74,277 | €61,446 | -€12,831 | -17.3% |
| Financial income | 75/76B | €23 | €44 | +€21 | +90.7% |
| Recurring financial income | 75 | €23 | €44 | +€21 | +90.7% |
| Financial charges | 65/66B | €830 | €317 | -€513 | -61.8% |
| Recurring financial charges | 65 | €830 | €317 | -€513 | -61.8% |
| Profit (loss) for the period before taxes | 9903 | €73,470 | €61,173 | -€12,296 | -16.7% |
| Income taxes | 67/77 | €14,835 | €12,342 | -€2,494 | -16.8% |
| Profit (loss) for the period | 9904 | €58,635 | €48,832 | -€9,803 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,635 | €48,832 | -€9,803 | -16.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.